On June 10, Administration will present 2 reports on the capital budget. One report, the Spring 2025 Supplemental Capital Budget Adjustment (SCBA), will share recommended adjustments to the current 2023-2026 capital budget. The City regularly adjusts the 4-year budget so it can respond to any changing project needs, emerging issues and changing priorities. Administration is recommending a number of changes that would mean a $75 million (0.7%) net increase to the $11 billion capital budget. The biggest change is to add Neighbourhood Renewal funding so the City can keep moving Neighbourhood Renewal projects forward in 2027 and beyond.
The other report, the Prioritization of Renewal in 2027-2030 Capital Budget, looks forward towards the next 4-year capital plan. The report recommends that the City puts as much funding as possible towards maintaining its existing infrastructure (such as roads, bridges, facilities).